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Home/ Services/ πŸ“Š Business & Financial Advisory/ Market Research & Feasibility Studies
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Market Research & Feasibility Studies

Evidence-based market intelligence and feasibility analysis that tells you whether an opportunity is real before you commit capital to it.

Primary Field Research
Competitive Intelligence
Financial Feasibility Modelling
Go/No-Go Recommendations
πŸ“– 11 min read πŸ•’ Updated October 2026
120+
Market & Feasibility Studies Delivered
2,500+
Consumer & Stakeholder Interviews Conducted
30%
Of Studies Return a No-Go Recommendation
8+
Sectors Researched Across East Africa
Service Overview

What Market Research & Feasibility Studies Involves

Every year, businesses across Kenya launch products, enter new markets, or open new locations based on gut feel rather than evidence β€” and a large share of those ventures underperform or fail because the underlying demand, competitive intensity, or cost structure was never properly tested. A feasibility study is far cheaper than a failed launch, but it only has value if the research behind it is rigorous enough to actually change a decision.

We conduct primary and secondary market research, competitive intelligence, consumer surveys, and feasibility studies to help you make evidence-based business decisions before investing resources. Our research combines field data collection β€” surveys, interviews, and focus groups with real consumers and stakeholders β€” with desk research and financial feasibility modelling, giving clients a grounded, honest picture of whether an opportunity is worth pursuing and, if so, how to position for it.

We deliberately design studies to be capable of returning an uncomfortable answer. Roughly three in ten of our feasibility studies conclude with a no-go or a materially revised recommendation, because a study designed only to confirm what a client already believes is not research β€” it is expensive validation theatre. Clients come back to us precisely because the recommendation is grounded in what the data actually shows, not in what would be pleasant to hear.

Every study ties market findings directly to financial outcomes rather than stopping at descriptive insight. A feasibility analysis is only useful if it answers the question that actually matters: given realistic demand, competitive response, and cost structure, does this opportunity clear the return threshold that justifies committing capital to it β€” and if it does, what specifically needs to be true for that to hold.

Analyst reviewing market research data and charts during a study
Business Challenges We Solve

The Problems Behind the Request

Organisations rarely come to us asking for a technology by name β€” they come with a business problem. Here is what typically drives demand for market research & feasibility studies.

🎲

Launch Decisions Based on Gut Feel

Products, locations and new markets get greenlit on founder conviction alone, with no independent test of whether real demand exists.

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Unproven Market-Size Claims

Business cases lean on asserted market-size figures pulled from a generic report rather than research grounded in the specific opportunity.

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Underestimated Competitive Intensity

Entrants misjudge how crowded a market already is, or how existing players will respond, until they are already operating and losing money.

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Wrong Location or Channel Bets

Retail, hospitality and real estate decisions get made on visible foot traffic alone, missing the deeper demographic and spending-power data that actually predicts performance.

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Capital Committed Before Validation

Significant investment goes into build-out or inventory before anyone has rigorously tested whether the target customer will actually pay for what is being offered.

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No Objective Go/No-Go Signal

Internal teams are too close to a project to deliver an honest kill decision, even when the evidence clearly points that way.

Solution Architecture

How It Fits Into Your Environment

A reference architecture showing how this service integrates with your existing systems, data, and infrastructure to produce a measurable business outcome.

Client Inputs
Business or investment concept
Target market & geography
Key assumptions to test
Investment or launch timeline
Research Design
Primary field research design
Secondary/desk research scope
Sampling & methodology
Advisory Engine
Data collection & fieldwork
Competitive & market analysis
Financial feasibility modelling
Deliverables
Market research report
Competitive landscape map
Feasibility model & recommendation
Business Outcomes
Evidence-based go/no-go decision
Reduced launch risk
Sharper market positioning
Core Capabilities

What We Deliver

πŸ—£οΈ

Primary Field Research

Consumer surveys, stakeholder interviews and focus group discussions conducted directly with your actual target market.

βœ“ Real demand signal, not assumption
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Secondary & Desk Research

Market-size, growth-trend and industry-benchmark research drawn from credible, cited sources rather than a single generic figure.

βœ“ A market picture you can defend
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Competitive Landscape Mapping

Direct and indirect competitor intelligence covering positioning, pricing, and likely competitive response to your entry.

βœ“ No blind spots on who you are actually up against
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Feasibility Analysis

Market, technical, operational and financial feasibility assessed together, not as disconnected workstreams.

βœ“ One coherent viability picture
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Site & Location Feasibility

Location-specific studies for retail, hospitality and real estate ventures combining footfall, demographic and spending-power data.

βœ“ Location bets grounded in data, not visibility alone
βœ…

Clear Go/No-Go Recommendation

A direct recommendation backed by the underlying data β€” including a no-go where the evidence supports it.

βœ“ An honest answer before capital is committed
Capabilities Matrix

Capability-by-Capability Breakdown

CapabilityDescriptionBusiness ValueTechnologiesDeliverable
Research Design & ScopingDefining the specific research questions and the right mix of primary and secondary methods to answer them.Research that actually answers the decision at handResearch design frameworks, ExcelResearch design & methodology brief
Primary Data CollectionSurveys, interviews and focus groups run with real consumers, stakeholders or competitors as required.Genuine demand and sentiment signalSurveyMonkey, Typeform, Google Forms, field teamsRaw and cleaned survey/interview dataset
Secondary / Desk ResearchMarket-size, growth-trend and benchmark research from credible industry and government sources.A defensible market-size and trend pictureIndustry databases, government statistics, ExcelMarket landscape & trend report
Competitive IntelligenceMapping direct and indirect competitors on positioning, pricing and likely response to entry.Clear-eyed view of competitive intensityField audits, desk research, ExcelCompetitive landscape map
Feasibility ModellingTying market findings to a financial feasibility model covering costs, revenue potential, and return thresholds.A number-backed viability answer, not just narrative insightExcel/Power BI financial modelsFinancial feasibility model
Findings & RecommendationA clear, evidence-backed go/no-go recommendation with supporting rationale and key risk flags.A decision you can act on with confidencePowerPoint, structured reporting templatesFinal feasibility report & recommendation
Industries Served

Built for Your Sector's Realities

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Healthcare

Feasibility studies for new clinics, diagnostic centres and health-service expansion into new catchment areas.

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Government

Baseline market and demand studies supporting county investment projects and public-private partnerships.

🏦
Banking & Finance

Feasibility research for new branch locations, digital product launches, and underserved-market entry.

🌾
Agriculture

Market and value-chain feasibility studies for processing facilities, export ventures, and new crop lines.

🏭
Manufacturing

Demand and competitive feasibility research ahead of new production lines or capacity expansion.

πŸŽ“
Education

Feasibility studies for new campuses, programme launches, and edtech product-market fit.

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Retail & E-commerce

Site selection and demand feasibility studies for new store locations and e-commerce category entry.

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Insurance

Market research for new insurance products and underserved-segment feasibility assessment.

🀝
NGOs & Development

Baseline market and needs-assessment data supporting programme design and donor proposals.

Technology Stack

Tools & Platforms We Use

SurveyMonkey
Typeform
Google Forms
πŸ“ŠMicrosoft Excel / Power BI
Google Sheets
πŸ“½οΈMicrosoft PowerPoint
Zoom
Google Drive
Dropbox
Delivery Process

A Structured Approach, A Guaranteed Outcome

1
Discovery & Scoping
Define the research questions and the specific decision the study needs to inform.
2
Research Design
Design the right mix of primary and secondary methods, sample size, and geographic coverage.
3
Strategy Design
Plan fieldwork logistics, respondent targeting, and the competitive intelligence approach.
4
Data Collection
Run surveys, interviews, and field research with real consumers, stakeholders, or competitors as required.
5
Review & Validation
Clean and validate the collected data before analysis begins, flagging any sampling gaps.
6
Analysis & Feasibility Modelling
Analyse the data and build a feasibility model covering market, operational, and financial viability.
7
Findings Presentation & Handover
Present a clear, evidence-backed report with a go/no-go recommendation and supporting rationale.
8
Support & Follow-up
Remain available for follow-up questions as you act on the findings internally or with investors.
9
Continuous Market Monitoring
Optional periodic refresh research as market conditions evolve after the initial study.
What You Receive

Deliverables

Everything Handed Over at Project Close

  • Primary market research β€” consumer surveys, interviews, and focus group discussions
  • Secondary/desk research on market size, growth trends, and industry benchmarks
  • Competitive landscape mapping and competitor intelligence
  • Feasibility analysis covering market, technical, operational, and financial dimensions
  • Site or location-specific feasibility studies for retail, hospitality, and real estate ventures
  • Consumer segmentation and target market profiling
  • A financial feasibility model tying market findings to projected returns
  • A clear go/no-go recommendation backed by the underlying data
  • A risk register flagging the key assumptions the recommendation depends on
  • A presentation-ready summary deck for internal or investor audiences
  • Full raw and cleaned dataset from primary research
Case Studies

Real Results, Real Impact

Retail Chain

Location Feasibility Study for a Retail Chain Expansion

ChallengeA regional retail chain was considering three candidate locations for its next outlet but had historically chosen sites based on visible foot traffic alone, with mixed results.
SolutionDollarEdge ran demographic, spending-power and competitive-density analysis across all three sites, combined with intercept surveys of local shoppers, to rank locations by projected performance.
Architecture & TechMulti-site demographic analysis + intercept survey fieldwork Β· SurveyMonkey, Excel, field data collection
3Candidate Sites Assessed
1Site Recommended for Launch
400+Shopper Interviews Conducted

The chain selected the data-recommended site over the one with the highest visible foot traffic, which the research showed had a materially weaker target-customer spending profile.

Agribusiness Export

Export-Market Feasibility Study for an Agribusiness Venture

ChallengeAn agribusiness considering entry into a new export market needed to know whether projected margins would survive real logistics costs and competitive pricing before committing capital to processing infrastructure.
SolutionWe conducted desk research on export-market pricing and logistics benchmarks, interviewed prospective buyers, and built a financial feasibility model incorporating realistic freight and compliance costs.
Architecture & TechExport-market desk research + buyer interviews + financial feasibility model Β· Excel, trade-data sources, Zoom buyer interviews
No-GoInitial Market Recommendation
2ndAlternative Market Identified as Viable
KES 15M+Capital Investment Avoided or Redirected

The study returned a no-go on the originally intended market once real logistics costs were modelled, and identified a second market where the same product achieved a viable margin β€” avoiding a capital commitment that would not have paid back.

Hospitality Startup

Product-Market Feasibility Study for a Hospitality Concept

ChallengeA hospitality entrepreneur wanted to validate demand for a new dining concept in a specific neighbourhood before signing a multi-year lease, having previously relied only on informal feedback from friends and family.
SolutionDollarEdge ran a structured concept test with target consumers in the neighbourhood, mapped existing and planned competitive offerings, and modelled break-even against realistic occupancy and spend-per-cover assumptions.
Architecture & TechConcept testing + competitive mapping + break-even feasibility model Β· Typeform, Excel, field concept testing
65%Concept Appeal Among Target Segment
5Direct Competitors Mapped
14moModelled Break-Even Timeline

The entrepreneur negotiated more favourable lease terms using the study's realistic break-even timeline, rather than signing on the optimistic assumptions in the original informal plan.

Success Metrics

What Clients Typically See

120+Market & Feasibility Studies Delivered
2,500+Consumer & Stakeholder Interviews Conducted
30%Of Studies Return a No-Go Recommendation
8+Sectors Researched Across East Africa
Why Partner With DollarEdge

An Enterprise-Grade Delivery Partner

πŸ—£οΈ
Real Field Data, Not Desk Research Alone

Genuine field data collection across Kenya and East Africa underpins every study, not repackaged secondary sources.

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Honest, Evidence-Driven Recommendations

We tell clients when an opportunity is not feasible, not just when it is β€” roughly three in ten studies return a no-go.

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Findings Tied Directly to Financial Outcomes

Feasibility modelling connects market findings to projected returns, not just descriptive market insight.

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Cross-Sector Research Experience

Teams experienced across retail, agribusiness, financial services, hospitality and development sectors.

⚑
Fast, Rigorous Turnaround

Structured research design and field-team capacity that delivers rigorous findings without unnecessary delay.

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Confidential Handling of Sensitive Plans

Pre-launch and pre-investment research is handled under strict confidentiality throughout the engagement.

Frequently Asked Questions

Common Questions From Buyers

Market research answers whether demand exists and how the market is structured; a feasibility study goes further, tying that market evidence to a financial model to answer whether the specific opportunity is viable given realistic costs and returns.

Most studies take 3 to 8 weeks depending on the scope of fieldwork required, the geographic coverage, and whether a full financial feasibility model is included.

Both. Primary field research β€” surveys, interviews and focus groups with real consumers or stakeholders β€” is combined with secondary desk research, because desk research alone often misses local market nuance.

Yes. Roughly three in ten of our studies conclude with a no-go or a materially revised recommendation β€” we design studies capable of returning an answer you may not want to hear, because that is where the real value is.

Yes. Site and location feasibility studies combining demographic, footfall and competitive-density data are a core part of this service, particularly for retail, hospitality and real estate ventures.

Yes. We have delivered market and feasibility research across multiple East African markets, adapting fieldwork logistics and sampling to each specific market.

Sample sizes are designed around the specific research question and target population β€” ranging from focused stakeholder interviews in the dozens to broader consumer surveys in the hundreds, scoped during research design.

Yes. Findings are commonly incorporated directly into business plans and investor pitch decks β€” our Business Planning & Investment Consulting team frequently works from the same research.

It ties your projected costs and revenue β€” grounded in the market research findings β€” to a break-even timeline and return threshold, so you can see numerically, not just narratively, whether the opportunity clears the bar.

Yes. Competitive landscape mapping specifically addresses this β€” identifying direct and indirect competitors, their positioning, and how they are likely to respond to your entry.

Both. You receive the final report and recommendation as well as the underlying cleaned dataset from any primary research conducted, so your team can interrogate the findings directly if needed.

Yes. Pre-launch concepts and investment plans are handled under strict confidentiality, with non-disclosure terms available on request before fieldwork begins.

Yes. Concept testing β€” presenting a described or prototyped product to target consumers to gauge genuine interest and willingness to pay β€” is a standard method for pre-launch products.

Pricing depends on the scope of fieldwork, sample size, geographic coverage, and whether a financial feasibility model is included. We confirm a fixed quote after the discovery and scoping call.

Yes. Comparative feasibility studies assessing two or more options side by side against the same research and financial criteria are common, particularly for location and market-entry decisions.

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